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APNewsBreak: Upper-income seniors’ Medicare hike

April 12, 2013 • Business


House Budget Committee Chairman Rep. Paul Ryan, R-Wis., a member of the House Ways and Means Committee, holds a copy of President Barack Obama’s fiscal 2014 budget proposal book as he questions Health and Human Services (HHS) Secretary Kathleen Sebelius on Capitol Hill in Washington, Friday, April 12, 2013, as Sebelius testified before the House Ways and Means Committee hearing on the HHS fiscal 2014 budget request. (AP Photo/J. Scott Applewhite)

WASHINGTON (AP) — President Barack Obama’s plan to raise Medicare premiums for upper-income seniors would create five new income brackets to squeeze more revenue for the government from the top tiers of retirees, the administration revealed Friday.

First details of the plan emerged after Health and Human Services Secretary Kathleen Sebelius testified to Congress on the president’s budget. As released two days earlier, the budget included only a vague description of a controversial proposal that Login to read more

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